Who is the sort of person that is cut out for banking?

I’m at a top target and keen on banking. I am pretty fucking lonely but that doesn’t even bother me, I only give a shit about getting A’s and getting internships, I am extremely focused, somewhat dry and formal, cynical, and have admittedly become very narcissistic. Should I consider banking?

13 Comments
 

Here’s the real answer:

  • Extremely risk averse—there are many ways to have better work/life balance and/ or make way more money than banking. However, the hierarchy of banking makes the job pretty easy to just do your job and fall up
  • Have a very high life style/ expenses—as you get older, you can budget your life and realize almost no one needs to make a bankers salary. All bankers are sacrificing other areas of their life for their job. I would argue most people realize this isn’t worth it at a point, unless they can’t stop because their life style demands it. 
  • Sharp, but not smart—the truth is, if you are really smart, the inefficiencies of the job eventually get to you and make the job pretty frustrating.
  • Able to navigate and not be bothered by office politics—it’s one of the most political industries due to the nature of bankers owning clients and needing to carve out their own niche. To succeed at a firm, you need to know how to navigate difficult personalities that are very territorial.
  • Love deals/ transactions/ fast paced stressful environments—I think at some level most senior bankers just love to be in the middle of fast paced transactions and they live to feel like they are working hard
 
Most Helpful

Here's the real answer:

  • Extremely risk averse-there are many ways to have better work/life balance and/ or make way more money than banking. However, the hierarchy of banking makes the job pretty easy to just do your job and fall up
  • Have a very high life style/ expenses-as you get older, you can budget your life and realize almost no one needs to make a bankers salary. All bankers are sacrificing other areas of their life for their job. I would argue most people realize this isn't worth it at a point, unless they can't stop because their life style demands it. 
  • Sharp, but not smart-the truth is, if you are really smart, the inefficiencies of the job eventually get to you and make the job pretty frustrating.
  • Able to navigate and not be bothered by office politics-it's one of the most political industries due to the nature of bankers owning clients and needing to carve out their own niche. To succeed at a firm, you need to know how to navigate difficult personalities that are very territorial.
  • Love deals/ transactions/ fast paced stressful environments-I think at some level most senior bankers just love to be in the middle of fast paced transactions and they live to feel like they are working hard

Accurate, but pls add "." after the first and last bullets, or remove the "." at the end of the other bullets.

Thx.

 

iggs99988

Here's the real answer:

  • Extremely risk averse-there are many ways to have better work/life balance and/ or make way more money than banking. However, the hierarchy of banking makes the job pretty easy to just do your job and fall up
  • Have a very high life style/ expenses-as you get older, you can budget your life and realize almost no one needs to make a bankers salary. All bankers are sacrificing other areas of their life for their job. I would argue most people realize this isn't worth it at a point, unless they can't stop because their life style demands it. 
  • Sharp, but not smart-the truth is, if you are really smart, the inefficiencies of the job eventually get to you and make the job pretty frustrating.
  • Able to navigate and not be bothered by office politics-it's one of the most political industries due to the nature of bankers owning clients and needing to carve out their own niche. To succeed at a firm, you need to know how to navigate difficult personalities that are very territorial.
  • Love deals/ transactions/ fast paced stressful environments-I think at some level most senior bankers just love to be in the middle of fast paced transactions and they live to feel like they are working hard

Accurate, but pls add "." after the first and last bullets, or remove the "." at the end of the other bullets.

Thx.

Shit I missed one.

  • Pedantic—you need to be able to not be annoyed by people missing the bigger picture, who will instead focus on things like the above rather than the overall message. This dude I think said it as a joke, but that’s actually what bankers think about.
 

Is this as real post? Do banking because you want to. Man you won't land any SAs with an atittude you have. But given your attitude, you'd make a good Director, but terrible analyst-VP, basically you wont get hired. What you can do is BO -> MBA -> join IB as associate, and grind yourway to VP/D as every useless post-MBA does.

You can then justify to your social peers your better than everyone else cause you make tons of $$$, when in reality, no one gives a s***, and you can't land any buy-side roles cause you suck.

Such is life. 

Or you can better your attitude, actually get IBD SA -> convert FT -> move to buy-side -> get MBA - > get partner track at PE, -> slay chicks -> win win win 

Or the status quo, is you don't change s***, and you'll be fine, cause banking is overrated anyways

So either choice you make, your good my friend.

 

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